Thursday, October 15, 2026

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FxWirePro: USD/KRW hovers just above 1142, intraday bias remains bearish

USD/KRW is currently trading around 1143 levels. It made intraday high at 1148 and low at 1141 levels. Intraday bias remains bearish till the time pair holds key resistance at 1153 levels. A daily close above 1153 is req…

By Cynthia Firey Eakin
1 min read
FxWirePro: USD/KRW hovers just above 1142, intraday bias remains bearish
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  • USD/KRW is currently trading around 1143 levels.
     
  • It made intraday high at 1148 and low at 1141 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 1153 levels.
     
  • A daily close above 1153 is required to drag the parity up towards key resistances at 1168/1172/1180/1193 marks.
     
  • Alternatively, reversal from 1152 tests key supports at 1142/1135/1126/1121/1115/1101 marks respectively.
     
  • Today South Korea’s president says there is a need to look at possibly carrying out "selective" quantitative easing.

We prefer to take short position in USD/KRW only below 1142, stop loss 1153 and target 1121 levels.

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By FxWirePro Team